PROBLEMS AND PROSPECTS OF FUNCTIONING OF CREDIT UNIONS IN UKRAINE

The article examines the theoretical and practical principles of functioning credit unions in Ukraine at current stage. Scientific methodical approaches to defining economic category «credit cooperation» have been analyzed. It was determined that cooperation functions form unions. definition a union as non-profit organization founded by individuals, trade unions, their associations on cooperative basis with aim meeting needs its members mutual lending providing financial services expense combined monetary contributions is generalized. impact cooperatives development entities level social well-being population national economy whole has studied. established belong high-risk institutions, since they operate citizens’ funds, occupy special place among majority intermediaries operating market Ukraine. proven difference same time advantage other institutions lies ability accumulate cheap resources, use them develop business increase consumer demand. influence military-political crisis work non-banking sector economy, particular, cooperation, determined. indicators were analyzed it stated these deteriorating 2018. A retrospective assessment subjective objective factors affecting carried out, problems prospects for outlined. number are listed, solution which will allow return an effective direction. introduction system control over activities strict regulations requirements regarding adequacy own capital contribute this segment market. method solving operation proposed, plane professional organizations through centralization some order make cheaper, creation accumulative funds education.